tradethepoolpool ads

What investors think about Spdr S&p 500 $SPY from here

Investors speak with their pocketbooks, this is reflected in the price of equities, and if we pay attention we can tell what they are saying. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Spdr S&p 500 (NYSE: SPY) report below can help you, but we have more details too. The trading plans for SPY, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Technical Summary

Term →Near Mid Long
Rating Strong Strong Neutral
P1 0 0 300.86
P2 361.41 358.39 335.10
P3 364.74 364.01 363.43
Triggers may have already come
Support and Resistance Plot Chart for SPY

Long Term Trading Plans for SPY

November 26, 2020, 3:00 am ET

The Technical Summary and Trading Plans for SPY help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this SPY Report.

SPY - (Long) Support Plan

The technical summary data tells us to buy SPY near 335.10 with an upside target of 363.43. This data also tells us to set a stop loss @ 334.13 to protect against excessive loss in case the stock begins to move against the trade. 335.10 is the first level of support below 362.66 , and by rule, any test of support is a buy signal. In this case, support 335.10 is being tested, a buy signal would exist.

SPY - (Short) Resistance Plan

The technical summary data is suggesting a short of SPY as it gets near 363.43 with a downside target of 335.10. We should have a stop loss in place at 364.48 though. 363.43 is the first level of resistance above 362.66, and by rule, any test of resistance is a short signal. In this case, if resistance 363.43 is being tested, a short signal would exist.


SPY Long Term Analysis


SPY Dividend Chart

SPY PE chart

SPY PEG chart